What are today's top business/market headlines?

I'll fetch today's top business and market headlines for you.Gathering more details from leading sources for the latest headlines.Here are today’s top business and market headlines (as of November 1–2, 2026):

Markets Overview

•US stock futures tick higher ahead of a busy week featuring major earnings (including Apple), the jobs report, and US midterm elections on Tuesday. This follows a rough week where the Nasdaq dropped about 2–3%, the S&P 500 fell ~1.8%, and the Dow declined ~1.1%, driven by a tech selloff.[1]

•Asian markets mixed to lower, with losses in Japan and South Korea tracking Wall Street’s AI-related weakness, while China and Hong Kong shares rose on potential support measures. Oil prices eased more than 1%.[1]

Major Tech and AI Selloff

•Investors are scrutinizing massive AI capital expenditures amid concerns over returns and cash burn. Alphabet (Google) shares plunged more than 12% recently (its worst day on record, wiping out ~$500 billion in value). Intel shares crashed nearly 29% after a weak forecast, Amazon faced pressure over cash burn, and the broader Nasdaq took a hit. Chip and related stocks were hard-hit.[2]

•The tech-heavy Nasdaq suffered significant October losses, with questions mounting about whether the AI buildout will pay off quickly enough. Anthropic filed for a potentially massive IPO amid ongoing AI safety debates.[3]

Crypto: Record Binance Hack

•Binance, the world’s largest crypto exchange, suffered a ~$6.3 billion heist (the largest ever), with the FBI blaming a North Korean hacking unit. The exchange has resumed withdrawals after covering most losses; it reported ~$3.6 billion in net outflows. Bitcoin and other cryptos have been under pressure.[4]

Energy and Oil

•Big Oil companies (Exxon, Chevron, and others) reported strong profits and beat forecasts, boosted by elevated refining margins and high prices tied to the ongoing Iran conflict. US drivers face record high gas prices. Oil prices recently climbed above $100/barrel but slipped on Monday amid diplomatic talks.[3]

Politics, Economy & Other

•A federal judge dismissed (for good) President Trump’s defamation lawsuit against The Wall Street Journal over reporting on a letter related to Jeffrey Epstein.[2]

•The US economy grew at a solid 3.4% pace recently, showing resilience despite higher energy costs, though affordability (gas, housing) remains a key midterm issue. Homebuilder sentiment hit multi-year lows.[5]

•Upcoming catalysts: Apple earnings (Monday), midterms (Tuesday—Democrats favored for House), more tech earnings (e.g., AMD, Palantir), and Friday’s jobs data. Fed officials have discussed potential rate hikes amid inflation concerns.

These stories dominate coverage from sources like CNN Business, Bloomberg, CNBC, Reuters, and others. Markets remain volatile with AI spending, geopolitics (Iran war impacts), elections, and crypto security as key themes. For real-time quotes or deeper dives, check financial news sites directly, as conditions can shift quickly.

Citations (5)

1cnbc.comNews and mediaquality 0.85
https://www.cnbc.com/2026/11/01/stock-market-today-live-updates.html
Backs: “This follows a rough week where the Nasdaq dropped about 2–3%, the S&P 500 fell ~1.8%, and the Dow declined ~1.1%, driven by a tech selloff.”
2cnn.comNews and mediaquality 0.66
https://www.cnn.com/business
Backs: “Intel shares crashed nearly 29% after a weak forecast, Amazon faced pressure over cash burn, and the broader Nasdaq took a hit.”
3reuters.comNews and mediaquality 1.00
https://www.reuters.com/business/
Backs: “The tech-heavy Nasdaq suffered significant October losses, with questions mounting about whether the AI buildout will pay off quickly enough.”
4bloomberg.comNews and mediaquality 0.84
https://www.bloomberg.com/
Backs: “The exchange has resumed withdrawals after covering most losses; it reported ~$3.6 billion in net outflows.”
5newsnationnow.comNews and mediaquality 0.95
https://www.newsnationnow.com/business/
Backs: “The US economy grew at a solid 3.4% pace recently, showing resilience despite higher energy costs, though affordability (gas, housing) remains a key midterm issue.”